NEWQBO.COM

Smarter Numbers, Brighter Future.
Revolutionizing Accounting and Finance with AI.

  • How do you mark a bill as paid if paid by your parent company (not by your bank account or credit card)

    First, you need to get some guidance from the parent company if they go through inter-company elimination process to prepare consolidated balance sheet report. In QBO create Intercompany Accounts Payable Account (not main Accounts Payable A/P) > you can select “Credit Card” Type > it will show as Credit Card group on the Balance Sheet.…

  • TSheets: Sign up for a 14 day Free Trial #tsheets #quickbooks

    Tsheets for time tracking solution Features at a Glance Mobile Time Tracker Online Time Tracking with GPS Time Entry: Manual, Punch & Custom Tracking Employee Paid Time Off Employee Alerts and Reminders Go Ahead, Give It a Shot > click here!

  • #QuickBooks #QBO How do I get separate payments from different customers to show up as one deposit as it does when I deposit it in the bank?

    On Receive Payment screen (create + sign > customers > receive payment) > select deposit to: undeposited funds > choose invoice and payment amount > save Next step > On Bank Deposit screen (create + sign > other > bank deposit) > select customer payments > match total payment to bank deposit > save If…

  • Where can I find a comparison of what reports are available in different plans of QuickBooks Online?

    QuickBooks Online is available in three different plans: Plus, Essentials and Simple Start (or EasyStart). Here is a full list of reports available in different plans of QuickBooks Online:   #QuickBooks Online     What are the specific reports available with the Simple Start version of Quickbooks Online..

  • Is there a Help screen back button in QuickBooks Online?

    Self-help window screen does have a back button once an answer is selected. First, you have to go to Help screen:       When you are in an answer window screen and would like to go back to a previous answer, click the small white arrow that points to the left. It is located…

  • How does “Inventory in and out” work in QuickBooks Online Plus?

    This article will guide you on how to handle inventory step by step. First, let’s start with understanding what “Inventory in and out” means in QBO. It means you will be adding (in) purchased inventories to Inventory Assets account that is current assets type to the chart of accounts and you will be subtracting (out)…

  • How to import a QuickBooks desktop backup company file to QuickBooks Online?

    It’s not possible to import a QuickBooks desktop backup file directly into QuickBooks Online. If you only have a backup and don’t have QuickBooks desktop installed on your computer, you will first need to install a trial version of QuickBooks on your computer. Follow the steps below: Download and install a QuickBooks Trial: Windows Desktop…

  • Is there a way to check the status of emailed Invoices “sent” and “viewed” by customers?

    Yes. To see which invoices were sent and viewed by clients: From the home page screen Left blue navigation bar Click Transactions Select Sales Click Filter Under Type select Invoices Click Apply Under the column Status* (between total and action), invoices that have been sent electronically are labeled Sent. –  (Open Sent) labeled for recent…

  • How to turn off the “Terms” so it won’t show on an Invoice at all?

    Removing the “terms” completely from your invoice is a part of “Custom Form Styles” under Settings. You will need to disable the “Terms” setting just once.   Here’s how to do it: Click on your Company Gear in the top right corner Click Custom Form Styles under the Settings tab Select form name you would…

  • How to write off a customer unpaid invoice as bad debt expense?

    When a Customer Invoice becomes non-collectible, you will generally write it off as bad debt expense. You will create a credit memo to clear Accounts Receivable (A/R) balance and that will hit the P&L during that accounting period. You will need to take the following steps in QuickBooks: Step 1: Create Bad Debts Expense Account…

  • How to verify all my expenses have receipts attached in QuickBooks Online (QBO)?

    Once you have recorded transactions you can verify which transactions have receipts attached and find out the missing ones from Expense Transactions page. From the home page screen > Left navigation bar > Transactions > Expenses Go to the far right and select baby gear (next export to excel icon and print list icon) Choose…

  • QuickBooks update: April 29 2015

    Pay Bills (filter, re-sort and apply partial credits) Enter Bill, save and make payment from the same screen Permanently delete transactions from excluded section of banking page Add notes on customer page Export reports to Microsoft Excel XLSX format Add bigger size logo (400×200)   QuickBooks update: April 29, 2015  

  • Likes

    Latest news, articles, blogs and QBO resources helpful to our growing subscribers! ZIP codes don’t mean zip for ecommerce sellers… How to Handle Stale-Dated Checks… Check Out the Goodies Intuit® is Working on in QuickBooks® Online Labs About California’s New Paid Sick Leave law (AB 1522)… A Guide to Understanding Sales Tax on Services… 19…

  • Track Classes in QuickBooks Online

    Class Tracking Class tracking is available in Plus plan only. Adds a Class field on forms so you can use to categorize your accounting transactions to different product lines.   First, to enable Class Category feature on: from the home page screen > company gear (upper right corner) > settings > company settings > company…

  • Track Locations in QuickBooks Online

    Location Tracking Location tracking is available in Plus plan only. Adds a Location field on forms so you can assign transactions to different locations like stores, sales regions, and counties. First, to enable Location Category feature on: from the home page screen > company gear (upper right corner) > settings > company settings > company…

  • Can I go back to QuickBooks Canada desktop (Pro or Premier) if I am not happy with QuickBooks Online?

    As I understand it, you cannot export company data file from QuickBooks Online edition into QuickBooks desktop in Canadian versions (Pro or Premier) at this time. This is what they recommend, in case you are thinking of moving from QuickBooks desktop to QuickBooks Online edition. When you export your company file to QuickBooks Online it…

  • Can I have multi currency turned on in QBO if I have US version?

    No. US version do not have multi currency function. You would need global version to have multi-currency feature at this time. To sign up for global version: go to > http://global.intuit.com select country/currency   Qatar Airways – To/From USA Special Offers